The number of full-time* employees increased to 403 in FY07/08. This 5.8% increase over the previous year is mainly due to new employees hired to support our expansion plans. There were no part-time** employees during the reporting period. In FY08/09 we had one part-time employee. However, the company allows for flexi-work arrangements upon request by our employees. In FY07/08, we have one female employee working on a tele-commuting basis to help her strike a balance between work and child-minding commitments.

Staff turnover increased from 6.3% to 9.4% from FY06/07 to FY07/08, due mainly to the buoyant job market and contributed in part by PowerSeraya’s pending divestment from its parent company. Our turnover rate compares favourably to the Singapore’s All Industries Average Turnover Rate of 24% (for year 2006 as well as 2007) and is still below the Petroleum, Chemical and Pharmaceutical Industry Turnover Rate of 12.0% to 13.6% over the 2006 to 2008 period.

The company’s pro-family practices and its continued emphasis on providing a nurturing environment, where employees can achieve work-life balance and career development, helped to keep our staff turnover below the industry average.

* There are two types of full-time employees in PowerSeraya Ltd. Those under the old scheme (permanent employment) and those under the two- or three-year renewable term contract subject to satisfactory employee performance.
**Part-time are deemed to work less than 30 hours a week as stipulated in the Singapore Employment Act.

Diagram 9.9 : Employee Turnover Statistics for the period FY05/06 to FY07/08

(Note: The Petroleum, Chemical & Pharmaceutical Industry Turnover figures are on a calendar year basis, from 2006 to 2008)